Price Reduced $1.4M! 28 Townhomes | 2005 YB | Condo Map
Prime Warner Center | Walk to Pierce College | Large Units Avg. 1,530 SF
Marketing description
PRICE REDUCED by $1.4 Million!
Call us directly if you would like to tour!
Property website with OM: https://properties.berkadia.com/warner-center-townhomes-490311/
We’re excited to announce a tremendous $1.4 million price reduction for Warner Center Townhomes, a 28-unit community built in 2005 with a condo tract map. Currently being operated as an apartment community, these beautiful 3-level Townhome units are spacious and “home-like” averaging 1,530± SF. Units feature high-end finishes including quartz countertops, stainless-steel appliances, wood “style” flooring, and an in-unit laundry room with full, sized washer and dryer. The property is within 5 minutes of the massive Rams Village Development, Westfield Topanga Mall, Topanga Village; and walking distance to Pierce College. Easy access to Kaiser Permanente Woodland Hills Medical Center and the 101 Freeway. Priced far below replacement cost at $319 PSF, Warner Center Townhomes affords an investor an attractive 6% going in cap rate and an opportunity to own in a high-growth area with potential for a condo exit.
Investment highlights
- 28 beautiful three-level townhome units; built as condos in 2005 with final condo tract map
- Rare opportunity to purchase “home-like” units averaging 1,530± square feet
- All three-level, three-bedroom, three-bath townhomes (except one)
- Prime Warner Center location; walk to Pierce College
- Within minutes of the massive Rams Village Development, Westfield Topanga Mall, and Topanga Village
- Priced far below replacement cost at $319 PSF; 6% cap rate
- Potential condo exit
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